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Our interim results for the six months to 30 June 2009 were announced on September 22. The financial highlights are as follows:
Highlights of the period
- Profit before tax for the half-year of £0.65 million (2008: £3.19 million)
- Group's property fund management and property services divisions delivered profits before tax of £1.3 million (2008: £2.8 million) and £0.94 million (2008: £0.76 million) respectively
- Group continues to execute its plan to downsize and restructure Speymill Contracts
- Speymill Contracts made a loss before tax of £1.28 million (2008: loss £0.34 million)
Jim Mellon, Non-Executive Chairman, said:
"Our property fund management and property services operations have continued their solid performance during 2009. In the meantime we have executed our plan for restructuring and curbing the losses of our contracting business."
